BF.A Brown-Forman Corp. Cl A

Brown-Forman Corporation Mourns Passing of W.L. Lyons Brown Jr., Former Chair and Chief Executive Officer

Brown-Forman Corporation mourns the loss of W.L. Lyons Brown Jr., retired chair of the board and chief executive officer, who passed away on June 9. Brown, a fourth-generation Brown family member, was the great-grandson of the Company’s founder, George Garvin Brown.

This press release features multimedia. View the full release here:

W.L. Lyons "Lee" Brown Jr. (Photo: Business Wire)

W.L. Lyons "Lee" Brown Jr. (Photo: Business Wire)

“We are deeply saddened by the passing of our esteemed former leader Lee Brown. His visionary leadership and commitment to our international expansion and long-term growth helped shape Brown-Forman into the global company it is today. His legacy will long be remembered and celebrated,” said Brown-Forman Chief Executive Officer and President Lawson Whiting.

Brown began his career at Brown-Forman in 1960 as a sales representative in its international division. During more than three decades at the company, he led Brown-Forman through a period of diversification and was instrumental in launching the company’s export division. Brown steered the company from annual sales of $365 million to $1.7 billion.

He became executive vice president and director of worldwide marketing in 1972 and, three years later, was elected CEO and president. In 1983, Brown became chair of the Board of Directors and CEO. He completed his tenure as chair in 1995 and as a member of the board in 1996.

Brown was also known for his deep knowledge and passion for global trade, serving as an international trade advisor to several U.S. Presidents. He was appointed by President Ronald Reagan, reappointed by former Presidents George H.W. Bush and Bill Clinton to the President's Advisory Committee for Trade Policy and Negotiations, serving from 1987 to 1994. In 2001, President George W. Bush appointed Brown as the U.S. Ambassador to Austria.

“Lee was a giant in the spirits industry and a champion for the family business. For many of us in the Brown family's fifth generation, he was the first company leader that many of us knew,” said Campbell Brown, chair, Brown-Forman Board of Directors. “He was a person of remarkable vision and unparalleled dedication and we are grateful for his leadership. His accomplishments beyond the company remind all of us that the ideas of service and responsibility live far beyond what we leave behind as employees and shareholders of Brown-Forman.”

A Kentucky native, Brown graduated from the University of Virginia and received a B.S. from the American Graduate School of International Management, now known as the Thunderbird School of Global Management.

He is survived by his wife of 65 years, Alice Cary Farmer, his sister, Ina Bond, his three children, Lyons III (Susanna), their three children, Renee Carpenter (Douglas), Caroline Fries (Willis) and George; Cary Epstein (Steve), their son Sam; Stuart (Joanna), their four children Stuart Jr., Keeling (Holly), Clara, and Lyons and two great-grandsons, Read Lyons Fries and Cato Douglas Glover Carpenter III.

W.L. Lyons “Lee” Brown Jr. Brown-Forman Timeline

1975 W.L. Lyons Brown Jr. named CEO and president

1983 W.L. Lyons Brown Jr. is elected chair of the Board of Directors

1993 W.L. Lyons Brown Jr. steps down as CEO and president

1995 Completed tenure as chair of the Board of Directors

1996 Completed tenure on Board of Directors

About Brown-Forman

For more than 150 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel's Tennessee Whiskey, Jack Daniel's Ready-to-Drinks, Jack Daniel's Tennessee Honey, Jack Daniel's Tennessee Fire, Jack Daniel's Tennessee Apple, Gentleman Jack, Jack Daniel's Single Barrel, Woodford Reserve, Old Forester, Coopers’ Craft, The GlenDronach, Benriach, Glenglassaugh, Slane, Herradura, el Jimador, New Mix, Korbel, Chambord, Fords Gin, Gin Mare, and Diplomático Rum. Brown-Forman’s brands are supported by approximately 5,700 employees globally and sold in more than 170 countries worldwide. For more information about the company, please visit . Follow us on LinkedIn, Instagram, and X, formerly Twitter.

EN
11/06/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Brown-Forman Corp. Cl A

 PRESS RELEASE

Brown-Forman Reports Year-to-Date Fiscal 2025 Results; Reaffirms Full ...

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Brown-Forman Corporation (NYSE: BFA, BFB) reported financial results for its third quarter and nine months ended January 31, 2025. Third quarter reported net sales decreased 3%1 to $1.0 billion (+6% on an organic basis2) compared to the same prior-year period. Third quarter reported operating income decreased 25% to $280 million (+23% on an organic basis) and diluted earnings per share decreased 5% to $0.57. For the nine months of the fiscal year, reported net sales decreased 4% to $3.1 billion (+2% on an organic basis) compared to the same prior-year period...

 PRESS RELEASE

Brown-Forman to Participate in UBS Global Consumer and Retail Conferen...

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Brown-Forman Corporation (NYSE: BFA, BFB) announced today that President and Chief Executive Officer Lawson Whiting and Executive Vice President and Chief Financial Officer Leanne Cunningham will participate in a “fireside chat” during the UBS Global Consumer and Retail Conference in New York on Wednesday, March 12, 2025. The event will begin at approximately 8:00 a.m. (EDT) and will be available as a live webcast on the Brown-Forman website at brown-forman.com on the Investors/Events & Presentations page. A replay will be available on the Brown-Forman websit...

 PRESS RELEASE

Brown-Forman and Reyes Beverage Group Announce New California Distribu...

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Brown-Forman Corporation (NYSE:BFA,BFB) and Reyes Beverage Group (RBG) are pleased to announce a new distribution partnership in California, effective May 1, 2025. This strategic decision underscores the companies' commitment to growth and innovation in the largest spirits market in the U.S. This press release features multimedia. View the full release here: “We are incredibly excited to expand our distribution partnership with Reyes Beverage Group in California,” said Michael Masick, executive vice president and president, Americas, Brown-Forman. “As we st...

 PRESS RELEASE

Brown-Forman Declares Cash Dividend

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Brown-Forman Corporation (NYSE: BFA, BFB) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.2265 per share on its Class A and Class B Common Stock. The dividend is payable on April 1, 2025, to stockholders of record on March 7, 2025. Brown-Forman, a member of the prestigious S&P 500 Dividend Aristocrats index, has paid regular quarterly cash dividends for 81 years and has increased the cash dividend for 41 consecutive years. Brown-Forman Corporation has been building exceptional spirits brands for more than 150 yea...

 PRESS RELEASE

Brown-Forman Third Quarter Earnings Release and Conference Call Schedu...

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Brown-Forman Corporation (NYSE: BFA, BFB) will release its third quarter and year-to-date fiscal 2025 financial results on March 5, 2025, by 8:00 a.m. (EST), followed by a conference call to discuss the results at 10:00 a.m. (EST). A live audio broadcast of the conference call will be available via Brown-Forman’s website, , through a link to "Investors/Events & Presentations." A digital audio recording of the conference call will be available on the website approximately two hours after the conclusion of the conference call. The replay will be available for...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch